2012-12-01
2012-12-31
x china
x usaa

STATION
CNBC 18
MSNBCW 13
CNNW 6
LANGUAGE
English 44

Set Clip Length:


is bob king, the president of the united autoworkers. to give our viewers some perspective, when you think union, you think uaw and bob king. so no one better to weigh in on the union perspective for us. bottom line, we were just talking, and you said, looks like this is going to pass. i know the governor is going to sign it, because he told me that on friday. what does this mean for the workers in the state of michigan? >> well, it demonstrates to workers and really a broad spectrum of the populous that we have to work hard, we have to fight hard to protect our rights. we want a michigan that everybody prospers in, not just the bosses, not just the right wing. we want a michigan for everybody. and i think you see the turnout today, you hear the reaction around the state of michigan, people don't want the right-wing agenda that's being passed in this lame duck. >> reporter: here's my question. the argument that the governor makes and republicans here and supporters of this is why not give individual workers a choice to join the union if they want to join the union. wouldn't it make y

not. ♪ a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the

in state today in the capitol rotunda. this , a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto®

telling us that this is not a balanced plan. they don't like it yet. and then earlier today, senator bob corker was on cnbc kind of pooh-poohing the whole thing. take a listen. >> we're not close to a deal. and i've been trying for three weeks, i've been standing on my head doing cartwheels to try to pivot toward entitlement reform. this is not a deal here. >> so carl, what's going on right now on capitol hill is that speaker boehner is meeting with his republican conference colleagues behind closed doors. we expect that at the top of the next hour, he's going to come out and talk before cameras. we'll get some reaction from his colleagues as well, what they think of this proposal and where they think this negotiation needs to go. but clearly, negotiations are ongoing, and the president and the speaker are coming closer together, whether or not that makes everybody happy or enough people happy to get a deal still remains to be seen, carl. >> eamon, this is a tough one to read. had the biggest movement been in that -- in the line in the sand with regards to how much people need to make to

the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll update you on the situation there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and w

to serve. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >> once again, our developing story tonight, no deal still on the fiscal cliff. president obama handing the matter over to the senate leaders and without any resolution, many people are scrambling to shore up their finances. hampton pearson has the fiscal cliff frenzy. hampton. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve

to republican senator bob corker. >> there is a growing group of folks that are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. a lot of people are putting forth a theory and i actually think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. >> so senator corker, john, is part of a growing number of republicans who are saying that. let's cave on income tax rates. maybe not go all the way up to where the white house and senate democrats want. but let's give some on this so we can talk about entitlement reform, reforming medicare, reforming social security. this came on the heels of some developments on friday. remember house speaker john boehner came out and said i have no progress. this isn't a progress report. i have no progress to report. but then you also saw maybe the white house signalling that they're negotiable on just how much the rates go up because senator joe biden indicated that as well. >> and m

that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households unrolling now. >> i thought it was amazing. saying the optimism has to do with demographics and not the fiscal cliff. kimberly clarke talkeded abo ee decline in birth rates. i don't shop for diapers. >> i did. not long ago. >> are you out of it? >> tail end. >> such a nice thing. >> amazing statement by them saying, listen, not a lot of people are having kids. >> what about adult diapers? >> there is some household formation in the u.k. we'll get at least one new baby in the u.k. right? >> she's a smart person. i wasn't going sexist there. i know better than that. i'm not going over the sex cliff. >> she's fashionable. >> yes, she is. >> even i know she's fashionable. >> whatever she wears maternity wear, it will be a boost. >> does she go to gsw? i said that was discount. it's designer. and you've got to go there. >> there's one on 79th street. >> gorgeous store. you can go to whole foods and you can buy shoes. may i suggest you do th

's nothing. >> can you imagine a bob dole or george mitchell not getting that done? >> no. >> and the president did go to $400,000 on the tax level. i think it's clear he probably would go to $500,000, too. >> sure. >> the really important thing he did, he went along with the republican demands of entitlements on acola. that's a big deal. and means testing, affluent seniors for medicare. that's not as far as some are willing to go. >> it is, though. there is no doubt the president doing that, the white house is getting killed. >> by the left wing. >> by the left on -- and i think that really is the measure. they're getting killed. >> on acola. >> andrea, i creditized the white house a month or two ago about the president always talking about being courageous, but he was always courageous on the health care bill, on the stimulus, all these things that republicans weren't going to support anyway. but here it's significant. here talking about the cost of living adjustments. that's a lot of money over time. i thought boehner going to $1 million was significant as well. they've

bob moffett t chairman of both companies, mmr, owns a stake in pxp, board seats. it's related. >> and yet, ackerson, did we get hold of him? he's always been very pro shareholder. this is the most anti-shareholder. unless you're a very large shareholder. >> isn't he cynical? >> these guys are different, moffett and our man in chesapeake. >> thank you. they approach the world a little different. >> is it different from you? you're fitzgerald. >> i don't want to say cavalier, but they like to take risks, that's how they built their fortune in the first police, they all take risks. >> i thought if you bought freeport, you were trying to play the grassberg, big copper, the china thing, i didn't know i was getting involved in a high stakes poker match. >> yes. which is why you're selling. >> let's get to bob pisani who's on the floor watch what's moving. >> moffett wants the cash flow from freeport who helped finance the drilling for mcmoran drilling. why did they have to spend 70% premium to buy these things? if i wanted to buy them, i could have bought them a lot cheaper, i wante

. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> you know it is going to be interesting when snoop city on the floor. time for the mad dash. talk con-agra, stock close to 13-year highs lately. >> jerry rod kin an amazing ceo, one of the best consumer -- one of the best consumer packaged goods men i have he ever seen. moving aggressively a private leve

, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be

] to learn more about the cold truth well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> and we are back. twitter is erupting tonight over breaking news out of michigan where republicans in the state have passed a right to work law. kevin tweets, "michigan must be crazy. right to work legislation quickly brings lower wages. aren't they suffering enough?" and ellen vollbrecht says "the name right to work is one of the biggest cons. it's not right to work. it's the right to be fired for any reason whether right or wrong." keep sharing your thoughts with us on facebook and on twitter using #edshow. >>> coming up, apple ceo tim cook announces plans to produce some of their computers right here i

?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with

boehner doesn't seem to have the power and grover does. >> the point, again, bob corker's pledge is not to me, it is to the voters of tennessee, that's the argument he's made again and again. if he wants to have a different conversation with the voters, that's his choice. >> why is corker the coolest man on earth? who does he play golf with? peyton manning. >> really? >> he's giving me all the big -- the minimum tax. i said, what are you up to this weekend? he said, i played golf with peyton manning. i said, are you kidding me? that seems to be more important to you than the fiscal cliff. >> 11-3? >> they still need home field advantage. >> they're competing for a first round play-off. what peyton has done is just amazing. steve liesman's exclusive with lacquer. one more look at futures this morning. we'll cover what 10% on squawk earlier today. and a lot more when "squawk on the street" comes right back. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 l

children to sweat shop work day? >> anyway, let's check with bob pisani with more on what's moving today. >> let's talk about what the trading day's going to look like. that was the main topic of conversation overnight and through this morning. i would note, folks, i know this is not a good open, but we are well above where we were at the close last friday. so we were 1413 last friday at the close, 1427 now. i think on the s&p 500. okay. it's a bad day, a down day, but we're still actually above where we were at the close last year. we're up for the week on the s&p 500. i think the problem now is going to be talking about what the rest of the day's going to look like. my sense talking to everybody is, they'll try to sell at most of the rallies that go on, just to protect themselves for what we've been seeing here. that's going to be a problem. because i know you're hopeful maybe we'll get a move up toward the close. i think selling into the rallies is going to be a general problem. i specifically was talking to people about that today. we've been rallying. the biggest problem that we hav

. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor who prescribes it for you. stopping may increase yo

? i did. we did, bob. we did. got it. >>> good morning. it's 8:00 on the east coast. 5:00 a.m. on the west coast. time to wake up, everyone, as you take a live look at new york city. welcome back to "morning joe." back with us on set we have donny deutsch, mark mckinnon, and richard haass. >> let's start -- there's so much to talk about but, richard, let's start in egypt. absolutely fascinating. i think a lot of people across the world were so heartened by the democratic, we thought, perhaps uprising that was going on in egypt. certainly we all knew to overthrow a dictator of 30 years, even if he was an american ally, and now you have mohamed morsi behaving like, well, a dictator. and he's now got roughly 39, 40 political parties in egypt rising up against him. it is a mess. >> what you're seeing in places like egypt is the difference between democracy and majorityism. people like morsi win elections but winning elections is the easy part. the question is whether they can govern. the question is whether there's any tolerance for minorities, for multiple points of view. he di

snapped. now as the city mourns, sportscaster bob costas goes off on gun control. i'm brooke baldwin. the news is now. an entire town evacuated after a shocking discovery involving explosives. >>> plus, he's on the run. but john mcafee talks to cnn after martin savidge goes on this bizarre adventure to reach him. >>> and joining me live, the ceo of ford, on what he told president obama behind closed doors about the fiscal cliff. n 315 horsepower. what's that in reindeer power? [ laughing ] [ stops laughing ] [ male announcer ] chevy's giving more. this holiday season, trade up to get the 2012 chevy silverado all-star edition for 0% apr financing for 60 months plus $2,000 cash allowance or get a total value of $9,000. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vi

been making a speech moments ago and telling a where senator bob dole like senator inouye, they recuperated in michigan and later served in the senate together, bob dole walked up to the casket and lifted his left hand, his right hand was badly damage and saluted. a poignant moment. president obama at the washington cathedral, it was his really earliest political inspiration. both the president and senate majority leader reflecting on daniel inouye both a long time legislator but two days they will be getting back to work on the fiscal cliff. >> heather: the difficult job of reporting from hawaii, thank you so much, ed. >> gregg: the mother of john hammer telling her son is now in a louisiana hospital. he was released from a mexican prison last week after months behind bars. mexican authorities arrested him after he carried an antique shotgun into their country, even though he says he legally declared the weapon and had a permit for it. today his dad reportedly brought him to the emergency room during their drive back together to florida. his family reported he had a stoma

, he was horrible in debates. >> no, you had to hold your breath all the time. >> and then bob dole, you had to hold your breath. and george w., good old guy, but that guy had trouble with the english language. >> you're going up against bubba. the best on the planet. >> it would be nice to have somebody -- >> no, that's why it was so sad when people like mitch daniels and haley didn't go in this time because they sound like churchill compared. >> guess who i just got an e-mail from? alexandra liebenthal. how exciting. julia, stay with us. >> jean just e-mailed me. >> you're a bad man. i mean, you really are. >> bad to the bone. >> we should do a segment. >> yeah. >> like the conversation we had at the dinner table. and you all have to listen. >> i have no idea what you're talking about. you wrote this past month. did you make your deadline? >> you know, again -- >> david. >> we love david. >> we love david. >> the magazine's awesome. it came with an ax. >> oh. >> i bought it for my mom for christmas. >> that was sweet. >> she'll use it. >> chop up. >> you have no idea. >> actionabl

? who would have thought? i did. we did, bob. we did. got it. >>> back to "hardball." in the "sideshow," a protest takes a turn for the better. it started out when ohio senator rob portman took to a stage at a fix the debt conference in washington today. a group of protesters pre-empted portman's speech with a staged walkout and a chant about republican plans to cut spending. it was caught on camera by buzz feed. >> we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. >> but here is how the episode ended. there you see senator portman with four of the protesters after his speech. well, according to buzz feed, portman and those four protesters, all ohio residents, had an impromptu meeting after his speech ended. it lasted about 20 minutes and concluded with that group photo. i guess that's one way to be a politician and a protester. get the guy's attention, he gets their attention, they meet, you have a meeting, something gets done. >>> also, why is sarah palin apologizing to f

with our own bob pisani. >> you're looking to the market right now based on the next 12 months. at about $109. we should be trading at around 1740. if we were at the median p.e. of 16 -- >> 1740 on the s&p? >> 1740 would be a 16-forward multiple which is the median since as far back as capital iq has had forward estimatinged earnings. >> right now you're on 1426 on the standard & poor's. let me get your take on this. i recognize there are a lot of ways to look at things. but there's also a technical way to look at something. and that is if a stock is undervalued, maybe it's cheap for a reason. and maybe it will get cheaper. so why do you think that we're supposed to go back to the way history has shown us, when in fact sometimes the stock is cheap for a reason and only gets worse. >> that's what's causing a lot of investors to sit on their hands saying i'm not buying into is the. our forecast is for a 10% advance which is basically what history says we should be experiencing based on where we are now in this low inflationary environment combined with trailing gap earnings going back to t

, at least for now they are telegraphing things are pretty rosy for 2013. >> all right, bob. thank you so much. bob pisani. so is high frequency trading ruining the markets? my next guest says absolutely, especially for the millions of individuals out there. a senate panel checking for computer-driven irregularities. take a look at what needs to happen to have the market a fair game for everybody. also ahead, dirty details revealed. walmart reportedly in another bribery scandal in mexico. are they the only company in your portfolio that should be looked at for bribery or not? let's hear what ken langone has to say about that having done business all over the world. back in a minute. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket scienc

on the "closing bell." bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. just a few minutes before we close out session, the volatility index is up better that be 10%. take a look. what does this tell you in the investor we bring into the conversation right now michael pento along with brian beleskey from bmo capital market. thanks so much for joining us. michael, what's your take on this volatility index? >> it's been a lousy investment. you can't buy volatility, you have to buy the vxx and like t

, everybody, the best thing to watch this month, and bob pisani pointed this out. the transportation stocks have been very strong. china has been strong. mandy, you know, japan has been strong, and the banks have been strong. to me there's an underlying strength to the market when some of the bodyguards have been doing well so i think the market wants to do better. that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization

's a question, though, willie, whether you want the job or not. >> right. >> i asked bob riley, i've said this 1,000 times, it seems extraordinarily important if you're a union member in the northeast, and like me, you want your factories running again. i asked bob riley, i don't understand, why did mercedes go to tuscaloosa county, alabama, instead of filling up the factories in connecticut? 15 minutes away from yale. or in rhode island. 20 minutes away from brown. i mean, right by some of the most highly trained, brilliant minds in the world. that's easy. the work force rules are so insane there, there's no way that mercedes or bmw or airbus would ever dream of going to those states. do you want the jobs or do you not want the jobs? >> and that plays out all over the south in harold's home state of tennessee, auto plant comes back, you get a bunch of jobs but at a very low wage. so the question is do you want to lower ourselves to the global standard of wages so that you have many more jobs -- >> that's a better option. >> that question has to be answered -- >> stronger middle class in union s

here. people feel like it really keeps netflix in the game. >> we want to get a little more from bob, who is in the crowd, where berkshire has halted for news pending at this point. bob, there's been talk that berkshire quietly acoming a big stake in avida. that's now 13%. maybe it has other intentions in terms of ownership with that company. >> significant speculation just from what the news pending is. we don't know what it is. but i want to note, melissa, berkshire class a and class b shares are both halted news pending. the crowd is just sort of standing around here with orders to buy or sell, waiting to find out exactly what the news is going to be. you'll notice we're up again today. the sixth day in a row the dow industrials are up. optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new america

. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the extra week that there is. number two, we've had much lower cotton costs this year. their overall costs are lo

member the president said in a debate, the debate, he said that i didn't come up with this. then bob woodward came out and said, yes, you did. you know, both a top aide said that you guys came up with this idea of the white house. look in the mirror, right. >> that's exactly right. a lot of people on wall street and in the media are saying just don't do it, don't go over the cliff. you know, and then that shows a we that we still have a 16 trillion-dollar national debt. so when the world are we going to get serious about what the american people say they want, which is reduction in the debt so that we don't become a country that looks like greece. [talking over each other] gregg: capitol hill and pennsylvania avenue, maybe they just think 16 trillion, 25 trillion, who cares. maybe they don't think it has a depressive effect on economic growth, and soaking up the credit markets, which women's businesses. >> that's exactly right. we don't have to wonder what this will go by. all we have to do is look over the pond and see what's happening in countries like greece and italy and spain an

. >>> he is always outspoken on sports. bob costas touched a nerve within he spoke out on gun control earlier this month. find out what he's saying about that now, coming up. hing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app

away. we miss him. >> rest in peace. >>> let's check in with bob on that note. hey, bob. >> china. finally something from the leadership. we have been waiting for weeks, months, remember, everyone has been waiting for them to try to find where their desks are and find out where they can live and where they can stay and sit down and get used to the furniture and look around and say what are we going to do with the economy. we've been waiting no comment. we got comment from the party chief who made a speech in beijing and talked about what was going on. he used words like expanding domestic demand. used words like supporting urbanization. this is what everyone wanted to hear. those are buzz words. those are code words for stimulus. that's what the market is reacting to today. 2% move up in china in shanghai and even hong kong stocks. they moved together. this hasn't happened in a long, long time here. the bottom line is we're finally starting to hear from the leadership. they found their offices and things are starting to move and that is certainly very, very good news because now t

that wasn't a fun time. >> not like in a room having a cocktail. >> dave: how about republican bob corker who talked to greta about the spending cuts that they would like to see from the democrats thus far not on the table. it's a shame in this nation where every developed country in the world knows our fiscal cliff is our fiscal solvency you have to have these leverage points. sit down and solve the problem because we know it's our greatest threat. that's not the case here. we have a president who has not laid out a plan. is he on yulingsly a spendaholic. >> dave: here is the problem for republicans though. if there is no deal out of the senate he will say okay i need an up or down vote on the $250,000 up or down mark. if republicans want to go on record to say no on that. that's going to be very politically dangerous for john boehner in the house. that's the bottom line. >> juliet: i know you are getting a lot of tweets. mine is like i blame, this i blame that guy. it's interesting to hear what you guys have to say about that first, let's go to peter doocy. what happens this weekend as

? >> it was exactly, bob costas said. i think he actually said on this network, that guns always make situations more dangerous and saying things like that is just factually incorrect. and there are 30,000 people possibly every year killed with a firearm and exactly like you said, mike, 2 1/2 million times a year, people use the the guns to prevent crime. so the reason is that firearms deterrent and we've seen the lowest crime rate in the country now, and gun ownership at the highest rate. 47% of american households report to have a gun and admit it and let the polesters know: accidental firearm mistakes are at their lowest in the history of this country. bob costas and the anti-gun people are spouting off incorrect things and you know-- >> and i've heard quite a few people say after his remarks, if belcher's girlfriend had a gun maybe she wouldn't be dead. good to see you. >> thanks, mike, thank you. >> mike: after the break here, then, 90-year-old statue has been hailed as a priceless piece of public art and now it may be moved because feminist groups say it may be offensive. that guy is standing

the gift of doing, in-store or online. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> santa's lap or a flu shot? oh, let's see the full photograph. flu shot. right? next up. all right. we have some mixed answers here. let's see. >> santa. >> santa's lap. all right. we have -- everyone seems certain that that's a flu shot. all right. let's have a look. yeah, that is a flu shot. all right. there's the face. there's the expression. and we say flu shot? all right. let's take a look. it is a -- oh, santa. >> welcome back to "morning joe." a beautiful shot of capitol hill. look at that. >> wow! >> red sky at morning. look at that. it's just gorgeous. gorgeous shot. it's a shame t.j. ca

barack obama has a chance to do what eric cantor told bob woodward after he met him the first time, which is if he's pragmatic, if he comes to the middle, then he could lock us republicans up for a very long time. i mean, i think that's the great challenge for barack obama. >> yeah. >> can he do what he appears to be doing right now with john boehner? and that is upsetting a lot of people in his own base for the betterment of their party by saying we're going to raise it from $250,000 to maybe $500,000, go after entitlements and do it for the best interests of the country. >> he is a pragmatist. the first two years, it was such a strained situation. when we talked to him on wednesday, everything he said was about -- he wasn't saying government has to be bigger. government has to be smarter. government has to be better. it was like the lincoln line. this is a fantastic picture, by the way. >> that is adorable. >> joe, that's one of the pictures i was talking about. >> you're letting us know, these are all exclusive to "morning joe." >> they're exclusive to "time" and "morning joe." apparen

a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're getting a job or b, you're taking a job that's higher paying job. come on, this is good news! 1 $14. $14.5

. >> ticker would be scas, by the way. >> for seaworld? >> yes. yes. yes. check with mary thompson in for bob pisani this morning. hey, mary. >> we note mixed market the dow up 7 1/2 points, continued weakness in the s & p as well as the nasdaq today, lower by semiconductors, strength in the energy sector around drug stocks in early trade. that is helping to support the dow. a number of traders say the market continues to hold up pretty well, given that there are, of course, fewer expectation wers going to reach, a grand bargain on avoiding the fiscal cliff. look at the s & p, we did have melissa mentioning this earlier, down three days in a role one strategist pointing out technically looks vulnerable, the 15-day moving average above the 200 day. if it breaks below that, we could see selling pressure heading to the end of the year. the vix which popped up earlier, this is a measure of fear on wall street. i bring this up, while we are at the highest levels in six months on the vix, well below half of where we were back in august of 2011, the debt crisis. that kind of suggests again a complac

areas. >> brian: so we can bid on this? >> yeah, there is one by bob dylan. one by ben harper, metallica. >> brian: you're looking to build skate parks, 'cause no one is building them in that area. >> right. and a lot of people skate there. skateboarding. other facilities most are choosing skates, to be honest. so we're trying to provide facilities for them. >> steve: you sell them without the wheels. what if the deal breaker is, i got to have the wheels back on? >> we'll get you some wheels, no problem. >> brian: with the emergence of the x games, do you ever wish you were coming up right now? you were the 19-year-old kid? >> honestly, i love being one of the pioneers, so to speak, and seeing it all develop and it's so amazing to me now that i get to do it into my adult life. i'm thankful for that. so not really. i can't say i'm not benefitting. >> steve: sure, because rather than just being one of the guys who do things, you're the guy who kind of invented a bunch of stuff. >> and it's fun to see the new guys coming up and the counts available to them. >> brian: you say you get nervous

looks like bob beckel's house. he actually lives in. and you will see it get festive in christmas spirit on our "fox & friends" christmas special. >> brian: how do you know these things? >> steve: 'cause we taped it last week. >> brian: that's right. i was there. >> gretchen: did he release how much he spends, what his bill is. wait until you find out. i think it's 8:00 p.m. eastern time on christmas eve and runs throughout christmas day. let's talk about fema. remember when they promised they would come right away and help all of the victims from super storm sandy? there was a lot of miscommunication, a lot of people still have not received the help. and oh, by the way, there seems to be a couple of trailers from fema that are sitting around, but they're not helping anybody. so what happened? remember when the message was there wasn't going to be any red tape, everyone was going to get everything they needed as soon as possible. >> i order resources be made available to states in the path of the storm as soon as they needed them. i instructed my team not to let red tape and bureaucracy

, bob gates. >> if you wrote the story, some people would say you can't believe it, you're making this up. why is this award so important to the marine corps? >> well, the marine corps is by its nature a brotherhood. and the marines who were there believe they are alive today because of what he did. and that's indy adthat'sdivisib. they're not going to rest because of a pathologist report who did not see the body. indeed, a blue ribbon commission did look at this and say with the conflicting evidence, medal of honor was not appropriate. marines will not buy off on that, although i don't know what they can do. the larger issue is why have there been so few medals, ten, in this decade of role. 246 in vietnam. why are we so reluctant to acknowledge bravery. nobody seems to have an adequate answer to that. it's the sort of thing that makes the marines heart sick. >> tony perry, thank you. >>> the stars came out last night rocking all in the name of charity for sandy relief. we'll bring you more highlights. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but

in that demilitarized zone protecting south korea. major general bob scales is a fox news military analyst, and as you watch what north korea is doing, how do you make sense of it, and what type of threat do you think they pose us? >> well, this is a real rubicon, jenna. i mean, the north has finally demonstrated that they have the technology to do three-stage rocketry. and what that means is they have the ability to build an icbm that could reach the western united states, guam, hawaii and, of course, alaska. what they haven't done yet is demonstrate the ability to tip it with a nuclear weapon. look, the payload in this rocket was about 100 kilograms, about 220 pounds. at their stage of nuclear developments, they would -- could miniaturize a nuclear weapon down to it, but they would need to miniaturize it down to about a ton, about 1500-2000 pounds and lift that into orbit. right now they're a long way from that, but that's not the point. jenna, it's now an engineering problem for north korea and not a scientific and technical problem, and that poses a real risk to the united states. jenna: so you sa

is why we're dealing with the debt ceiling again and we just showed i haved why from bob corker and the senator from tennessee talking and he said we'll get the spending cuts in january when the debt ceiling comes up and if you're progressive, we'll have the big spending cuts conversation, which is medicare, medicaid on the table and some of the tax stuff may have been taken care of. >> we're getting close to the top of the hour and the big three coming up with the best and worst of the week. you'll want to hear this next. ke a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >> getting close to the top of the hour. back to the big three, for the best week, worst week. perry, i'll start with you, what's your best and worst this week? i picked chuck hagel. he's our defense secretary and he's getting attacked by democrats and republicans very harshly and has no chance to defend himself and for the winner, it's hard to pick a winner right now. washington is not working right now and it's hard to say anyone is doing a great job and this is not a great situation

's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did have some more bad news out of japan with business sentiment there weakening. as melissa was mentioning earlier, positive news on the manufacturing front in china. that's giving a lift, as she pointed out, to a number of mining stocks. while it's also giving a lift to energy, or to oil prices this morning, i should point out, some of the big name oil companies were a little bit lower in early trading, again, those being exxon as well as chevron. the traders said the bid in the market remains strong despite concerns about the fiscal cliff in large part because the investors remain positive going into 2013. this is the markets r

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